Who is One of the Primary Culprits Behind the Global Warming Hoax?

Our old pal Enron. Lawrence Solomon at Financial Post has written an essay on Enron's involvement in the Kyoto treaty and the promotion of cap-and-trade:

Almost two decades before President Barack Obama made “cap-and-trade” for carbon dioxide emissions a household term, an obscure company called Enron — a natural-gas pipeline company that had become a big-time trader in energy commodities — had figured out how to make millions in a cap-and-trade program for sulphur dioxide emissions, thanks to changes in the U.S. government’s Clean Air Act. To the delight of shareholders, Enron’s stock price rose rapidly as it became the major trader in the U.S. government’s $20-billion a year emissions commodity market.

Enron Chairman Kenneth Lay, keen to engineer an encore, saw his opportunity when Bill Clinton and Al Gore were inaugurated as president and vice-president in 1993. To capitalize on Al Gore’s interest in global warming, Enron immediately embarked on a massive lobbying effort to develop a trading system for carbon dioxide, working both the Clinton administration and Congress. Political contributions and Enron-funded analyses flowed freely, all geared to demonstrating a looming global catastrophe if carbon dioxide emissions weren’t curbed. An Enron-funded study that dismissed the notion that calamity could come of global warming, meanwhile, was quietly buried.

So what did Enron get out of this?

The intense lobbying paid off. Lay became a member of president Clinton’s Council on Sustainable Development, as well as his friend and advisor. In the summer of 1997, prior to global warming meetings in Kyoto, Japan, Clinton sought Lay’s advice in White House discussions. The fruits of Enron’s efforts came soon after, with the signing of the Kyoto Protocol.

An internal Enron memo, sent from Kyoto by John Palmisano, a former Environmental Protection Agency regulator who had become Enron’s lead lobbyist as senior director for Environmental Policy and Compliance, describes the historic corporate achievement that was Kyoto.

“If implemented this agreement will do more to promote Enron’s business than will almost any other regulatory initiative outside of restructuring of the energy and natural-gas industries in Europe and the United States,” Polisano began. “The potential to add incremental gas sales, and additional demand for renewable technology is enormous.”

It's too bad for Enron that their other scams didn't last long enough to allow them to capitalize on the global warming hoax.